Users create campaigns to address a need. It is essentially a secure way to collect and distribute electronic payments or donations. The San Diego-based company describes itself as the world's largest "social fundraising platform." It has raised more than $4 billion in donations from 40 million donors since starting in 2010. Here are some facts about GoFundMe: What is GoFundMe? How does it work? Who gets the money? And how do you verify if the request is legitimate? It has become a fixture in living rooms and hospital rooms, as a way to raise money for everything from a prom dress to life-saving operations not covered by health insurance. There are many online donation sites, but GoFundMe is the biggest. Under its previous pay structure, the company made more than $124,000 in the eight days after the Sutherland Springs shooting. GoFundMe currently collects a 2.9 percent processing fee and 30 cents on each donation. A week after the shooting, nearly $1.5 million had been raised on 28 different GoFundMe accounts.īut as much as GoFundMe helps people by raising money, it is also helping itself to a share of the money raised. Two days later, more than $1.2 million had been raised from 17,000 donors. 5, 2017, shooting that left 26 dead and 20 more injured at a rural church in Sutherland Springs, Texas, GoFundMe campaigns had been established in the names of victims. GoFundMe is America's answer to mass shootings and other national tragedies.
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